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Remarks of Board Member Michael E. Fryzel at Defense Credit Union Council 2013 Conference and Showcase

​Thank you, Arty, for that warm introduction and for the good work that you continue to do for this council and for the men and women of our nation’s armed forces and their families. It is a pleasure to be with you here at the beautiful and historic Greenbrier Resort for your 2013 Conference and Showcase.

I have had the pleasure of working with Arty and the council for the last five years in my regulatory role, but your service extends much further. For 50 years, the council has been serving those who serve. And for that, I commend you.

You never would have come close to 50 great and useful years if you were not serving your member credit unions, or if they were not serving their members in the outstanding manner for which you and they have a justified reputation.

You have continued to offer honest and reliable low-cost financial services with a global reach to reduce the burden borne by the men and women of our nation’s armed forces. These men and women have responded in kind, joining your credit unions in record numbers and entrusting their family finances with you. As I have said before, I believe men and women of the armed forces join your credit unions because they understand value. They understand that, as is their own purpose, you are not seeking profit, but rather working for a higher goal. They understand you are looking to serve them just the way they are looking to serve their country.